Ready for the Future

Ready For The Future

“The information contained in presentation contain statements related to our future and expected business and financial performance and future events or developments involving NDTV that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate," "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. Such statement are based on management's current expectations and certain assumptions regarding the Company's business and performance, the economy and other future conditions and forecasts of future events, circumstances and result and are, therefore, subject to certain risks and uncertainties. The Company's actual results may vary from those expressed or implied in its forward-looking statements. A variety of Important factors beyond the reasonable control of NDTV that could affect the operations performance, business strategy and results and could cause the Company's actual results to differ materially from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or anticipated on the basis of historical trends. These factors include but are not limited to government regulation, taxation, disputes, economic strategic, political and social conditions and general and contingent business risks etc. Any forward-looking statement made by the Company speaks only as of the date on which it is made. You are cautioned not to place undue reliance on the forward-looking statements. The information here is intended solely to provide stakeholders with a fundamental understanding of NDTV Group, including the company's technology, business model, financial condition and business prospects. By distributing the information below The Company does not imply its endorsement of or concurrence with such information. The Company does not accept any responsibility whatsoever for the views of these or any other analysts reporting on The Company. Neither The Company nor its directors intend or assume any obligation in respect of, and do not intend to update or revise any forward-looking statements in light of developments which differ from those anticipated except as required by the applicable law”.

• India’s #1 most trusted media brand across all newspapers and TV channels (1)

• Strong digital presence – one of the top premium content portals in the country

• #1 in viewership among all English News channels in India (2)

• NDTV channels reach 72 countries across the world

(1) All India Brand Trust Ranking 2014 Brand Trust Report (2) Based on independent survey of a 90,000 + sample by Hansa Research 4

• Implementation delay in digitization, which affects • increase in subscription • dip in carriage fee

• Ad Revenues growth sluggish because rating system still flawed

• Margins under pressure due to high fixed costs

Internal Measures

o Focus on special events

o Introduction of pre-sponsored bands, beginning with NDTV Prime

o Cost Optimization drive based on study done by E&Y

o NDTV Profit restructured – personnel and overhead cost brought down substantially

o NDTV Goodtimes restructured – extensive cost cutting measures implemented

External Measures

o Pushed Digitization through active industry representation…

• Phase I & II of digitization rolled out; however financial benefits yet to fully accrue

o Successfully challenged current rating system

• New rating system being launched with a mandate to increase sample size to 50,000 within the next 4 years.

• Focus on core businesses for growth, while cutting losses in non core businesses

• Continue to invest in our online assets to benefit from the digital revolution

• Explore all options, including restructuring, to help shareholders of NDTV unlock and maximize value

Profit + NEWS 24x7 India Prime

Digital NDTV Convergence

NDTV NDTV NDTV Others Ethnic Lifestyle Worldwide Retail Ltd

 India’s leading 24 hour English news channel

 Strongest talent pool with India’s most reputed anchors and journalists

 Average annual profits over last 3 years : Rs. 40 crore

 Widest international distribution across all news channels in India

 Unrivalled viewership (50% plus): Based on 6 independent surveys

NEWS 24x7 India Profit/Prime 10

 NDTV India, historically a loss making channel, has clocked record breaking revenues in FY 2014 and achieved EBITDA breakeven

 Content Strategy that offers high quality news programming relevant to the Hindi speaking heartland

 Offers viewers credible news reportage in a market cluttered with sensational/tabloid journalism

NEWS 24x7 India Profit/Prime 11

New Delhi Television Limited CIN No. - L92111DL1988PLC033099 Tel: (+91-11) 41577777, 2644 6666 Fax: (+91-11) 29231740 207, Okhla Industrial Estate, Phase-III, New Delhi -110020, India web: www.ndtv.com email: [email protected] NDTV Profit/Prime- Revamped into Dual Channel & Gaining Traction

 NDTV profit has averaged losses of Rs. 40 crore / annum for the last 5 years; it has been the biggest drain in NDTV’s P&L

 NDTV Profit restructured – personnel and overhead cost brought down substantially

 NDTV Profit & NDTV Prime launched as India's only 2- in- 1 channel

 Business News - 9am and 5pm on weekdays; Entertainment /Prime - Rest

 High revenue visibility - Prime launched with pre sponsored specialty bands like Technology, Auto, Property.

 Channel Sponsor Micromax and NSE  Specialty bands sponsors include MRF, Supertech, Croma, Toshiba, Spice etc

 As a result we hope to approach financial sustainability by next year

NEWS 24x7 India Profit/Prime 12

1 Across Web + WAP + APP 2 Source: Google Analytics Digital Convergence 13

Digital Convergence 14

NDTV.COM recorded the highest ever Internet traffic seen on any Indian website on a single day

16 May’2014 Statistics

Digital Convergence 15

New Delhi Television Limited CIN No. - L92111DL1988PLC033099 Tel: (+91-11) 41577777, 2644 6666 Fax: (+91-11) 29231740 207, Okhla Industrial Estate, Phase-III, New Delhi -110020, India web: www.ndtv.com email: [email protected] NDTV Convergence Revenues Growth Revenue RS. Crore 80 70 60 50 40 30 EBITDA RS. Crore 20 15 10 - 10 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 5

- 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 (5)

(10) Revenues growth @ CAGR 46 % in last 6 years

Digital Convergence 16

New Delhi Television Limited CIN No. - L92111DL1988PLC033099 Tel: (+91-11) 41577777, 2644 6666 Fax: (+91-11) 29231740 207, Okhla Industrial Estate, Phase-III, New Delhi -110020, India web: www.ndtv.com email: [email protected] NDTV Convergence - Impressive Growth across ‘Niche Verticals’

Flagship / Established Properties1/2 Emerging Leaders1/2

Average Monthly UVs (Mn) Average Monthly UVs (Mn)

2.3x 37.7x

NDTV News NDTV Gadgets 14.7x 2.5x

NDTV Sports NDTV Cooks 2.3x

• Launched in Feb 2014 • Average monthly UV @ 1.37 Mn NDTV Movies NDTV Auto

Digital Convergence 1 Across Web + WAP + APP 2 Source: Google Analytics 17

• India’s first lifestyle channel

NDTV Goodtimes • Distributed internationally - 13 countries

• Revamped positioning - ‘India’s Youngest Lifestyle Channel’

• Media consultancy services company NDTV Worldwide • Sets up & manages new channels a turn-key solution for its clients

• IndianRoots.com, NDTV Ethnic’s latest ventures set up last year, is fast growing

• No. of Brands: 500 NDTV Ethnic retail • No. of Designers: 50

• Visitors: 200+ Countries ; Order’s Shipped: 70+ Countries

• Biggest Markets: USA, followed by India

NDTV 24x7 India Profit + Prime

85% NDTV Networks

92% 51% 75% 17%

NDTV Worldwide NDTV Lifestyle Holdings NDTV Convergence

92.7%

NDTV Lifestyle

NDTV Ethnic

(*) As on September 30, 2014 Refer annexure for details chart 19

Sum of parts of NDTV group assets is not reflected in the market cap of NDTV This is particularly true for the value of its digital assets

The Board of Directors of NDTV has mandated the management to explore means of unlocking sum of parts shareholder value through various methods including restructuring or private placement in NDTV Convergence Limited and/or other subsidiaries. Current Structure Value Locked in Sum of parts

NDTV Value Locked in Market Sum of parts Cap

Organisational Structure Chart (As on September 30, 2014) Details of All Direct and Indirect Holdings

New Delhi Television Limited NDTV 92% NDTV 74% Others 8% 100% 100% Others 26% Total 100% Total 100% NDTV Worldwide NDTV Networks Ltd. NDTV Delta Softpro Ltd. (Mauritius ) Private Limited NDTV Media Ltd. MultiMedia (Delta) Ltd.(M5)

NDTV 85% Others 15.00% Total 100%

NDTV Worldwide Ltd. 17.43% NDTV Convergence Limited 39.07% NDTV Lifestyle Holdings Ltd. 26.00% Others 17.50%

NDTV Lifestyle Holdings Total 100% NDTV LABS LIMITED NDTV Convergence Ltd. Ltd. NDTV Ethnic Retail Ltd

NDTV Networks Ltd. 99.97% 51% 75% NDTV NDTV Networks Others 0.03% Networks Ltd. Ltd.

South Asia Creative Assets Limited 49% NDTV 17% NDTV Ethnic Retail Limited 100.00% Total 100% Total 100% Others 8.00%

100% Indianroots Retail Private Limited NDTV Lifestyle Ltd. .

NDTV Lifestyle Holdings Ltd. 92.70'% Others 7.30%

Total 100% 24